Can the majority of trustees request a trustee to resign?
– Law firm sheds some light “I am a trustee on a family trust. I was recently informed by the other trustees that they are requesting me to resign as trustee. They did […]
Industry News
New FIC Draft guidance note
– Update on ‘suspicious and unusual transactions and activities’ The Financial Intelligence Centre (FIC) has updated its existing guidance relating to suspicious transaction reporting (STR) in terms of section 29 of the Financial […]
Registrar of Pension Funds Annual Report
What can we learn from the past? The Registrar of Pension Funds 59th Annual Report for the 2017 calendar year was published on 18 December 2018. Besides the industry statistical overview, performance of […]
Registrar of Pension Funds Annual Report
What can we learn from the past? The Registrar of Pension Funds 59th Annual Report for the 2017 calendar year was published on 18 December 2018. Besides the industry statistical overview, performance of […]
Business interruption and cyber risk top SA corporate concerns
Allianz Risk Barometer 2019: Business interruption and cyber risk top South African corporate concerns According to the 2019 Allianz Risk Barometer, cyber incidents now trigger the same level of corporate concern as business […]
Business interruption and cyber risk top SA corporate concerns
Allianz Risk Barometer 2019: Business interruption and cyber risk top South African corporate concerns According to the 2019 Allianz Risk Barometer, cyber incidents now trigger the same level of corporate concern as business […]
Fintech policies and regulatory frameworks – National Treasury programme update
“Financial Technology (FinTech) has become an increasingly popular phenomenon, with people familiarising themselves with crypto-currencies such as Bitcoin, SAFcoin and many others. The main issue with all these currencies is that they operate […]
REMINDER – The impact of FAIS Notice on regulatory exams
Regulatory changes have a huge impact on the content of the Regulatory Exams. The latest FSCA FAIS Notice that comes into effect on 1 February 2019 is no exception. Candidates need to take careful note […]
Section 12J companies – An investment tax incentive that is working for SA
In the December issue of MoneyMarketing, Jonti Osher and Dino Zuccollo, Section 12 fund managers of Westbrooke Alternative Asset Management give an overview of the current Section 12J market. Section 12J was introduced […]
Unpacking & understanding annuity strategies
New regulations which cover default investment portfolios, default preservation and annuity strategies were recently introduced. In an Asset TV Masterclass, a panel of experts discuss annuity solutions, retirement benefit counselling and regulation 39. […]
Intersection between human rights and business
Hobson’s Choice – The growing intersection between human rights and business stemming from the Momentum case Momentum’s initial refusal to pay out Mr Nathan Ganas’ life insurance policy to his widow (due to […]
NHI – Treasury announces ‘substantial’ progress
The South African National Treasury announced on Friday that it has made “substantial” progress on the national health insurance (NHI) Bill consultation in key areas and have reached agreement on most of the […]
Always obtain and capture all the client information
FAIS Ombud Settlement – Always obtain and capture all the client information One of the settlements discussed in the latest FAIS Ombud Annual report also puts the emphasis on the disclosure of client […]
CIS industry stats – Investors undeterred by volatility
The Association for Savings and Investment South Africa (ASISA) recently released the Collective Investment Schemes (CIS) industry statistics for the third quarter ending September 2018. Besides the stock market volatility, a troubled economy and […]
Non-compliance with FICA
Non-compliance with FICA – Failure to implement proper processes leads to fine The Prudential Authority (PA) has imposed administrative sanctions on the Johannesburg branch of HSBC Bank for non-compliance with aspects of the […]
Retirement – Products need to adjust to stay relevant
The way we live has changed dramatically. This has an impact on the financial services industry as well. This is illustrated in a recent article written by Patrick Cairns in Moneyweb. Cairns rightfully […]
FAIS Ombud Settlements
Learn from compliance mistakes made by FSPs An FSP’s interaction with clients must at all times meet the standards set out in the General Code of Conduct. The FAIS Ombud’s Annual report highlighted […]
